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| Public & Private Offers | |
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Tuesday, November
28, 2017 /9:40 AM /NSE
The
Nigerian Stock Exchange (NSE) on Monday, November 27, 2017, listed by
introduction, eight hundred million (800,000,000) ordinary shares of Global
Spectrum Energy Services
Plc at N5 Per Share on its Main Board.
Global
Spectrum Energy Services
Plc is an integrated Oil & Gas offshore Support Vessel Services Company
operating in key oil and gas producing areas in West Africa.
This
listing added four billion naira (N4, 000,000,000) to the market capitalization
of The Exchange, further deepening the Nigerian capital market. To commemorate
the listing, the Board and Executive Management of Global Spectrum Energy
Servicesled by its
Chairman, Dr. Engr. Godwin Omene,
were honoured with a Closing Gong ceremony to officially close trading on the
bourse for the day.
In
his welcome remarks, the CEO of the NSE, Oscar N. Onyema, OON, congratulated
Global Spectrum Energy Services Plc for taking the strategic step to join the
Main Board of the Exchange and the prestigious club of quoted companies in
Nigeria. "This step indicates the firm’s belief that our platform remains
a veritable avenue for raising capital and enabling sustainable national
growth. I commend Global Spectrum for this bold and strategic step.
Your
listing on the NSE today will not only showcase Global Spectrum as an
established player in the downstream sector, but will enable the firm better
position itself towards the actualization of its strategic vision of becoming a
leading Oil & Gas offshore support services company".
"Today’s
listing is a promising development in the country’s downstream sector and we
encourage more local players to explore the different opportunities in the
capital markets for raising long term capital. We believe that increased
participation of domestic energy companies in the capital markets will increase
investors’ confidence (both local and international) and entrench good
corporate governance, transparency and sustainability in the downstream
sector", Onyema added.
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